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7402 Drexel Rd 980 SF of Retail Space Available in Philadelphia, PA 19151
HIGHLIGHTS
- Haverford Ave. frontage. High visibility. Modern, open floor plan. Great sign space. No big CAM charges. Basement storage. Flexible start date.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 980 SF | Negotiable | $25.38 CAD/SF/YR $2.11 CAD/SF/MO $24,870 CAD/YR $2,073 CAD/MO | Modified Gross |
1st Floor
- Listed rate may not include certain utilities, building services and property expenses
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 980 SF | Gross Leasable Area | 2,720 SF |
| Property Type | Retail | Year Built | 1950 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 980 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 2,720 SF |
| Year Built | 1950 |
ABOUT THE PROPERTY
Overbrook Park. - Great frontage and high visibility on Haverford Avenue - only several blocks from City Ave. This first floor office/retail space is in A-1 shape and ready to go. It's currently used as a home health care agency office, but is perfect for any walk-in office or retail use. This well cared for, modern space is approx. 980 sq. ft., and features plenty of sign space, large plate glass windows, an open air floor plan, and a handi-capped accessible bath. The space has gray tone vinyl plank floors, off-white walls, 9 foot ceilings, great lighting, and plenty of outlets. There is also direct basement access for storage and security grates for the windows and front door. Rent now and the FIRST MONTH is FREE. Lease start date is flexible, but the sooner the better. 3 year minimum lease. Year 1 & 2 = $1,485/mo. Year 3 = a CPIu increase. Owner normally includes 2 year renewal options after the primary term. Tenant pays gas, electric, water, phone, internet and cable, plus minor interior maintenance and U&O tax, if any. Owner covers taxes, insurance, trash, major system repairs and exterior maintenance. Owner has an on-call maintenance dept., plus a responsive property management office. Application fee is $45 per person. Security deposit is generally 2 months rent. To schedule a showing, please call or email us. BROKERS WELCOME AND PROTECTED. Bring us a tenant and we will pay a market rate commission! Call for details. Thanks for finding us.
- 24 Hour Access
- Corner Lot
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
- Smoke Detector
NEARBY MAJOR RETAILERS
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7402 Drexel Rd
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